$7,072,486

Upcoming Residential Development Opportunity Here! Excellent land with a prime location in a rapidly growing area with strong appreciation potential. Zoned for multifamily residential use. The property has three access streets. H2M Zoning Requirements: Net density: 1 dwelling unit per 40 m² Minimum lot area: 901 m² Minimum frontage: 30 m Maximum height: 6 levels Floor-to-floor height: 3.5 m COS (Building Footprint): 60% CUS (Total Floor Area): calculated according to the number of levels The property can be divided into two parcels if necessary. Development Example under H2M Zoning Density: 1 dwelling unit per 40 m² Total land area: 20,288.67 m² Proposed development: 16 towers, each 6 levels high, with 4 apartments per floor = 384 total apartments Maximum site occupancy (COS): 60% 20,000 m² × 0.60 = 12,000 m² The remaining 8,000 m² could be allocated to green areas, parking, swimming pools, amenities, and services. Approximately 9,600 m² could accommodate 360 apartments, with an average gross area of approximately 144 m² per apartment. Building footprint per tower: 576 m² Gross floor area per tower: 750 m² | 4 apartments = approximately 144 m² each Additional area would be required for horizontal and vertical circulation, services, utility shafts, waste collection areas, and other common facilities.